-- Moody's softens outlook on California utilities Moody's believes the financial stress currently affecting the California investor-owned utilities should not affect the Aaa ratings on the securities issued to recover their above-market assets, otherwise known as stranded costs.
-- Northwest utility proposes novel rate plan High wholesale electricity prices in the Pacific Northwest have prompted Portland General Electric to propose a rate plan that will share benefits and losses of the volatile market with customers.
-- Power Notes Wisconsin Power & Light ... AES Corp. ... Gener ... Equity Oil Co. ... Washington Gas ... SCANA Corp. ... Fayetteville Public Works Commission ... Avista Corp. ... International Power ... and more
-- U.S. Energy Sec. Richardson warns of 'liquidity crisis' U.S. Energy Sec. Bill Richardson Tuesday warned California utilities could be facing a 'liquidity crisis' in a meeting in Washington with federal regulators, utilities, and California electricity marketers.
-- FERC order shifts California away from spot market The bulk of California electricity transactions would be shifted into the forward from the spot market, under a series of reforms the Federal Energy Regulatory Commission adopted Friday.